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Ascendas India Trust posts 25% growth in 3Q DPU to 2.05 cents

Stanislaus Jude Chan
Stanislaus Jude Chan1/24/2019 06:30 PM GMT+08  • 2 min read
Ascendas India Trust posts 25% growth in 3Q DPU to 2.05 cents
SINGAPORE (Jan 24): The trustee-manager of Ascendas India Trust (a-iTrust) has declared distribution per unit (DPU) of 2.05 cents for the 3Q18/19 ended December, 25% higher than a year ago.
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SINGAPORE (Jan 24): The trustee-manager of Ascendas India Trust (a-iTrust) has declared distribution per unit (DPU) of 2.05 cents for the 3Q18/19 ended December, 25% higher than a year ago.

The increase came despite an enlarged equity base of 97.4 million units through the private placement in February 2018.

Income available for distribution for 3Q18/19 increased by 39% in SGD terms to $23.6 million, mainly due to increased net property income and higher interest income from investments.

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